Industry
February 13, 2023
Ygam Reports Strong Pull with Young People in Annual Results
The organization said that it was able to reach an exact number of 1,857,895 young people with its various services and generally strengthen its expertise in providing this cohort with the support they need to defy gambling-related harm, seek help, or offer assistance to others. The charity has been able to train 4,819 delegates and […]
Legal
February 10, 2023
Texas Lawmaker Disagrees with Betting and Gambling Proposals
After the start of the legislative season early in January, lawmakers in the state are trying to push the legalization of sports betting, as well as casino gambling. Different proposals seek to legalize the activities, predicting that betting and gambling will deliver economic stimulus and at the same time reduce the share of the black […]
Casino
February 10, 2023
Massachusetts Approves Encore Boston Harbor Expansion
Wynn Resorts – Encore’s operator – received MGC’s blessing to construct a new building right across the street from its current integrated casino. The new plans include a variety of fresh offers, including sports betting, thanks to Massachusetts legalizing it recently. Expansion Plans Get Green Light The MGC approved the expansion on Wednesday after a […]
Casino
February 10, 2023
Illinois Senator Submits Bill to Legalize Online Casinos
SBC Americas reported that this legislation would allow casinos and racetracks in Illinois to apply for an internet gaming license, which can include up to three skins. The license will cost $250,000 and will be regulated by the Illinois Gaming Board. The New Legislation Introduces a 15% Tax Rate The new bill introduced by Sen. […]
Legal
February 10, 2023
Hawaii Bill Proposes Taxation for Vacation Gambling Trips
Many residents from the state like to take trips to locations that offer gambling entertainment primarily because the activity is illegal in Hawaii. One of the most popular locations is the gambling capital of the world, Las Vegas. Yet, while many enjoy the activity and it brings profits for operators involved in the organization process, […]
Legal
February 10, 2023
KSA Fines Two Illegal Gambling Operators Nearly $2M
On Thursday, the gambling watchdog confirmed it imposed a regulatory action against Domiseda and Partners sro from Slovakia, as well as Equinox Dynamic NV from Curaçao. The €1.8 million ($1.9 million) total fine breaks down to €900,000 ($965,800) against each of the two operators. The KSA said that it launched a probe into the operations […]
Casino
February 10, 2023
Mohegan Plans to Introduce Non-Gaming Inspire Korea IR Offer in 2023
The Inspire Korea IR developed by Mohegan Gaming & Entertainment should be able to open ahead of its original schedule, and a non-gaming offering should already be available before the end of 2023, the company confirmed during its latest earnings call, summing up the results for the fourth quarter. Tourism Big Focus of Upcoming Project […]
Industry
February 10, 2023
A Surge in Macau Casino Stocks Shows Industry on Path to Recovery
South China Morning Post reported that this is evident in the recent stock market performance of casino operators such as Galaxy Entertainment, Sands China, and MGM China, which have seen significant growth in the past few weeks. In fact, a Bloomberg index that tracks the performance of six of the largest casino operators in Macau […]
Industry
February 10, 2023
BGC Hails Lucy Frazer as Secretary of State for Culture, Media, and Sport
In a statement, the British and Betting Gaming Council (BGC) explained that Frazer’s appointment has come at a crucial time after numerous delays have stalled the publication of the white paper that will overhaul the gambling industry’s laws in the United Kingdom and amongst growing tensions as to how far consumer protection measures should go. […]
Casino
February 9, 2023
Niagara Resorts behind Mohegan’s Strong Fiscal Q1 2023
Mohegan Tribal Gaming Authority published its financial results for the first fiscal quarter of 2023 posting strong growth in income from operations on the back of a marginal increase in revenue. Overview of the Performance Over the three months ended December 31, 2022, Mohegan generated net revenue of $406.62 million mainly due to the strong […]
